Loans 2 Go
Borrow £250-£2,000 with no upfront fees, same-day payout, and no impact on your credit check. Fast decision and flexible repayment options available.
If you’re considering a personal loan in the UK and seeking fast access to funds from a direct lender, Loans 2 Go stands out for providing quick solutions. Their no upfront fee policy offers peace of mind, especially with an increasing number of scams in the market. Recent demand may mean slower processing, but the promise of same-day payout after approval is still attractive for many borrowers.
Loans 2 Go features flexible loans from £250 up to £2,000, with terms of either 18 or 24 months, depending on individual eligibility. The current flat rate is 168% per annum (fixed), and the representative APR is 679%. There are no early repayment or set-up fees, making it a straightforward choice for those who value transparency and flexibility in lending.
Applicants are protected from credit score impact during the eligibility check – a definite plus for those cautious about maintaining their credit profile. Plus, poor credit histories are considered, making Loans 2 Go accessible to a wider audience.
How to Apply: Step-by-Step
1. Complete a simple online application by entering the desired loan amount and personal details.
2. Receive an instant on-screen decision without impacting your credit score.
3. If provisionally approved, complete the full application with employment and income details.
4. Upon approval, funds are transferred directly to your bank account, usually on the same day.
The process is sleek, entirely online, and customer-focused. UK residency and employment are required, with applicants aged 21 or above and holding a UK bank account on a debit card.
Main Advantages
One of the standout features is Loans 2 Go’s fee-free policy. There are no setup or early repayment fees, keeping borrowing costs transparent and predictable.
The quick application and same-day payout provide peace of mind for anyone facing urgent financial needs. Even if you have poor credit history, you can still be considered.
Key Drawbacks
The interest rate is significantly higher than traditional bank loans, with a flat rate of 168% per annum and a representative APR of 679%.
Due to recent demand, application review times may be longer than usual, potentially causing delays for those needing funds immediately.
Final Verdict
Loans 2 Go is a viable choice for UK residents who need quick cash and prioritise straightforward online processes. While high interest rates are notable, the lack of upfront costs, same-day payment and accessible criteria stand out. Make sure to evaluate affordability and explore alternatives before committing. But overall, this lender fits those in need of safe and fast funds.